Sep 19, 2017

Webinar: Insuring liability risks of the US and Canadian markets

North America provides great business opportunities for Swiss SMEs. Not only are the USA the world's largest market, but both the USA and Canada are very open for both importing goods as well as establishing local subsidiaries.

Los Angeles, USA

On the other hand, foreign firms must comply with local regulatory requirements and laws. In this respect, the North American liability system, in particular that of the USA, provides some particular uncertainties and challenges from a Swiss perspective. Especially the reputation of the US legal system with its – at times – extraordinarily high awards and jury trials can be daunting for entrants into these markets. The same issues arise, even if to a somewhat lesser degree, to Canada.

Our "Webinar: Insuring liability risks of the US and Canadian markets" provides a basic introduction to the North American legal system and its liability risks, aimed at both exporters as well as companies considering establishing subsidiaries in these countries. It will distinguish myths from the real challenges of this liability system. The webinar will not only provide an introduction to product liability laws, but will illustrate the special issues arising from the North American civil procedure system. It will further discuss practical issues for exporters arising from contractual requirements frequently requested by North American partners, namely in respect of accepting liability and obtaining liability insurance cover. The webinar will also deal with the question of whether and how your North American exposure can be insured by your Swiss policy, as well as the issue of when you will need local US or Canadian insurance. It will also give a summary of the particularities of North American liability policies, and how these may be co-ordinated the exporter's or mother company's Swiss policy for seamless protection. Finally, the webinar will give practical tips with respect to protecting and insuring against liability claims in North America.

Make sure to grab this chance and register for this promising webinar!